Tuesday Ticker: November 9, 2021
Toronto, Ontario — In this weekly Tuesday Ticker, Magna reports its Q3 results—and says it’s still tracking ADAS opportunities, despite the lost deal with tech firm Veoneer; Tesla marks another accolade and Rivian prepares to launch its US$60+ billion IPO. Looking meek at Magna Magna International reported its third-quarter earnings last week, marking a double-digit […]
Rental Plateau: Enterprise reports Q3 2021 length of rental mostly static since last year
Toronto, Ontario — As the Canada-U.S. land border re-opens this week, Enterprise Rent-A-Car is expecting that Canadian claims volumes may finally return to pre-pandemic levels. The company noted in its Q3 Length of Rental report that average billed days for car rentals have remained static at 11.4 days since Q3 of 2020. The U.S., on […]
Funding the Future: O-AMP applications open next Monday
Toronto, Ontario — The time is now to put your shop on the leading edge of collision repair technology as applications for the Ontario Automotive Modernization Program (O-AMP) are due to open in less than a week. Starting next Monday, automotive companies from across Ontario are encouraged to apply for funding that would provide up […]
Steer Clear: Wildlife collisions rise as daylight savings time sets in
Toronto, Ontario — As daylight savings time comes into effect and we in North America enjoy our extra hour of sleep, an antlered antagonist settles into its hiding spot, ready for its mission as one of god’s cute little kamikaze missiles. Deer cause more than one million auto accidents in the U.S. every year, costing […]
